Go to www.annualcreditreport.com and you can get a free report annually from each of the three credit reporting agencies. If you were refused credit, you can get additional reports free, its the law!
Do not go to freecreditreport.com that is advertised on TV, they give you free ones, get your credit card, but if you read all the fine print, the card gets charged for continuing credit checking.... more
Yes you can trade homes. If you can find a SUITABLE home to trade for. They are called 1031 exchanges by the IRS and they DEFERR capital gains taxes. Seldom are properties perfectly equal in value so BOOT or money is used to make the exchange equal. To make an exchange work the properties must be of a LIKE KIND meaning a home for a home. Not a home for a business. I would be far short of giving you proper advice it I didn't say SEE YOUR ATTORNEY & CONSULT WITH A CPA before doing one. Search "1031 exchange" on the net to find more information. Good luck.... more
Banks are still lending. Anyone seeking financing needs to establish a good employment record, promptly pay bills, keep credit card debt to a minimum and have a savings program. Rules have tightened up due to the economy and number of foreclosures. Interest rates are low (artifically low) so it is a good time to be a borrower. The rate offered by a lender is based on the our credit history. Start by contacting the bank you have a checking or savings account with. You already have a relationship with them. Be realistic and conservative. Make sure you have a cushion rather than maxed out.... more